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we're looking at if we were to absorb the increase in hotel tax revenue into the general fund? >> i don't know if i have that number off the top of my head. i do have it at my table. can i get it for you in a moment? >> yes, thank you. >> okay, colleagues? any other questions at this time? supervisor mar? >> thank you, ms. howard, i was going to ask you, i know that we're going to talk about set-asides in a moment, so the five year plan assumes the reauthorization of proposition h or the public education enrichment fund and the children's fund, is that right? >> that's correct, supervisor. we certainly discussed what made the most sense to assume, but given the significant interest and the importance of both of those funds, we assumed that both of them would be reauthorized and to the degree that they were -- if they were not to be reauthorized, that would change the projection. >> and given how voters of overwhelmingly supported the children's fund and prop h over the years, hopefully that's a good assumption. there is an amount of money that as the trigger has been pulled for the
of revenue growth, the largest portion of that being our property tax which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things like fully funding our capital plan, our it plan and equipment costs, the plan also assumes that we fully fund inflation on grants as well as other non-personnel services, so that's all the contracts, grants, and other types of expenditures that are not staff costs. >> supervisor breed? >> yes, can you please expl
into the city's general fund. so, it is a very difficult threshold because generally because property taxes are single largest revenue source even in the worst years in this past recession, our property tax, the worst it was, it was a little bit over flat, just a little bit of an increase, less than 1%, but because property taxes is our largest revenue, it's infrequent that our revenues in one year would be less than the actual amount received in the prior year. the budget may drop to 50% of what's left in the rainy day reserve but no more than the shortfall of general day revenue and additional withdrawal allowance to up to 25% of the reserve is -- can be done by the san francisco unified school district and it's based on an inflation adjusted per pupil revenue, so as ms. howard said earlier, we're not sure, we're assuming the school district will be able to draw from the rainy day reserve but they're getting a bump from the reserve from the state, but this particular formula is quite generous, and therefore, it's likely that they will still not be up to the level that's required by formul
the last time that the city was able to fund the hotel tax allocations at the level that the code recommends was fiscal year 2007-2008, so it's been a number of years that we have deferred that or captured that growth for the general fund, and you're also correct to say that the fiscal 13-14 budget that was adopted last year assumes that the growth in the hotel tax benefits the general fund, so that's already been -- the board last year made a choice to utilize those hotel tax resources for the general fund rather than allowing for growth. >> just for a point of clarification around the hotel tax legislation, how is the general fund able to absorb that increase separately from what's required according to the legislation based on the cap of what art entities receive? i know that it's not to decrease or increase, i think it's either 5 or 10 percent and anything above that can be captured by the general fund and so i'm trying to understand exactly how the general fund has been able to capture that without increasing those hotel tax recipients? >> i think it's a good question, superv
around incentivizing small businesses, 0-25, but offering them tax credits to make the cost of coverage from the employer's perspective more affordable. >> okay, great, thank you. >> commissioner o'brien. >> would you say in your opinion, that there is a lot of overlap between the two programs? i mean i'm trying to see if the health care act is left in case, which is obviously going to be the place and the other option was taken out, the health security, would that leave a wide slot or section of people that are vulnerable and not covered that wouldn't fall under the umbrella of the affordable care act? i'm trying to -- it's extremely complicated and we're finding out it's going to take a lot of work to research how these programs work on their own first, and then between each other. and i was wondering would it be easier to amend one of them to sort of just be adjusted to fill in the gaps of the care act that doesn't cover it? so that it would be easish to manage the whole thing? would time be sent better trying to engineer it that way, then trying to evolve both of them and kee
property tax base, so housing prices, the strength of our tourism economy as well as job growth. as you might imagine, revenue projections are sensitive to the overall economic condition of the city so to the degree that the pay for the recovery is slower or federal spending cuts are more significant than what we -- than we're factoring in at the moment, those projections could change. overall, the plan assumes more conservative growth rates on revenue in the third, fourth and fifth years of the plan. one to have reasons for that is that we are now going into a pretty -- into a sustained period of economic recovery and over the last number of years, we know that we haven't been able to -- we've seen booms and busts in our economy so we need to be i think responsible in our revenue projections in those third, fourth and fifth years. there's still growth rates assumed but just at a lower level. >> ms. howard, quick question for you, and i appreciate that comment, i think as you look at economic cycles and so forth, you can make an argument that we're going into a shorter economic swing, h
and run them through some basic formulas and provide our estimate for increased city tax revenue. so i submit, mr. martin has declined them to about 13 million. that's significant reductions in the transient occupancy tax, significant reduction in payroll tax. and those reductions are larger than the one-third reduction to overall expenditures partly derivative in large part by the number of sipped katz. greater numbers of syndicates leads to disproportionate increases in the transient occupancy tax as well as payroll taxes paid. ~ the retail taxes have also declined, but back out a third, same as decline in overall expenditures. we have a net decline of about $10 million projected in city revenues. >> so, just -- mr. eagan talked about a 6.1 increase, million dollar increase in hotel tax revenue. it would require a 7% increase in hotel tax over a three-month period. what is your response to that, which is a significant increase over a three-month period. do we expect during this time that's what we'll have for the america's cup event? >> my expectation for rev par is that it would see
about the action by the board of equalization to improve the increase in the state gas tax. and just to clarify what that action was in 2009, 10. the state legislature adopted legislation that basically converted of what used to be proposition 42, which was funded from the sales tax on gas into a pure, based funding source. and to accomplish that, they had to develop language that directed the board of equalization, to maintain the same level of gross revenues, that the combined base excise tax and ropcysing 42 would have generated. s so the action to approve a 3.5 percent hike in the gas tax is consistent with what would have been the taxes that the motorists would have been paying without the tax swap and the board of equalization approval. in fact, in many ways, the board of equalization approval is almost ministerial in effect and nobody knows what would happen if they had would rejected it. that has happened and the money generates 3.5 percent and the tax is an additional 3.5 cents per gallon which is 500 million a year and it is dedicated to local streets and roads and to the s
do you want to spend tax dollars. i'm going over quickly as why should we care. quickly the abc's of the relationship of key prop k plan. special arts and how that relates to the san francisco transportation plan which you will have an update on this agenda and what was the process on the schedule. this is probably the key slide. this is the big chance for the board, public, private sponsors to get together and decide what do we want to fund in the next five years. we are looking at the 13, 14, 16, 17, timeframe. one of the main objectives of this was to develop courtesy of the advisory of citizens who put together the expenditure plan. this is to provide transparency and how do we decide which projects will be funded and which won't. and what are those projects. we can see them ahead of time for the next five years. that provides earlier opportunities and allows you can to coordinate even sponsors for the projects. as i mentioned prop k was admitted in 2003. i will go some of the details. in 2003, there was over $2 billion in state and local funds. a total of $12 billion progra
, needed to be done and i looked at my tax bill a couple months ago and i wasn't supposed to have my taxes raise today do this. it went up a lot. >> thank you. i will be asking about dbi and make sure we are being coordinated on this. next speaker. >> mr. chairman, representative of the committee, i'm with the association of realtors. we support the ordinance and in particular we have been very pleased with the progress we have been making with the city staff and sponsors and authors of this legislation for one amendment that we have requested and that is to require disclosure at the time of sale. we have crafted the amendments submitted them to mr. leaney and he's committed to work with us and craft that legislation and insert it in the appropriate time as soon as possible. this will help facilitate the intent and direction of the ordinance as well as a shorter greater compliance at the time of sales. thank you very much. >> thank you very much. would that be trailing legislation? no. great. thank you, next speaker. >> good afternoon, my name is george -- i'm a native san san francisco,
to reclassifying the property as a higher tax rate that states law allows you to do that as retrofit. additionally we are looking into the loan process and these buildings maybe historic and landmarks. it would require a vote. with the mellow roos, they effectively become the voting body so they get to decide between the group when money is build out for these i am improvements that is repaid for their property taxes and gives them the mechanism without taking a loan individually. that is an interesting feature of it. if these properties change hands. the loan actually goes with it and the person who originated the loan is relieved from the debt. >> then in terms of the actual work that's being done, there was reference made before which is issued that i have been thinking about. in terms of making sure that the process for property openers owners who are complying with the law and somehow got financing and want to do the work and have to get to the planning department and planning of building inspection. what is your competence level that will our policy intent to expedited this process to make
together and been working to promote this worldwide which is going to be a benefit for our city and our tax coffers and our general budget. so, thank you for your time. >>> african diaspora maritime is in court and the new york state supreme court with an appeal, and i understand that there will be preliminary arguments in april. it's clear that kgyc, the acoc, oracle, san francisco lieutenant governor's office used inflated reports [speaker not understood] and tried to pull off the largest urban waterfront land deal in the country. i think it's about time that serious consideration be given to postponing the america's cup. larry ellison has already taken warren buffett's giving pledge to give his wealth to charity. i think that it might behoove him and others to invest in this america's cup. and allow teams that represent billion of people on the planet, whether they be blacks, hispanic, youth, women, chinese, the commonwealth, to participate and also to create many more festival-like events around the country. and these, i believe, should be funded by the group of individuals that have pr
to the controller and the mayor's office about how tax dollars come in and what funds and how they're spent by the city. but i would remind you in even my greatest enthusiasm, i always have the caveat, it would be our best efforts to do it. there was no way we could possibly guarantee it. >> and maybe ms. mcclellan can explain that $8 million concession agreement which is now a loan and how that operates as well. >> right, she can. thank you. >> thank you, good afternoon, i'm kerry mcclellan, ceo of the america's cup organizing committee. i'm going to sort of take these in order in response to your question about the opportunity for local corporate donors. we launched late last year a program called 1sf celebrating the cup, hiring two additional fund-raising counsel that had expertise with working with the local corporate community. and we're now in the market on that and have a number of verbal pledges. and i have to say that both mayor lee, but also lou ten an governor newsome and senator finestein and leader pelosi and others are leaning into that effort. i'm optimistic that just as we h
for 2013, and adjusting the access line tax by the same rate. >> thank you. we have monique zamuda from the controller's office. >> good morning, members of the committee, monique zamuda deputy controller. consistent with the 911 fee requirements, the controller reviews on an annual basis, the consumer price index that allows us to set the fee based on the consumer price index that we have determined this past year to be 2.22%. and what is before you this morning is a resolution agreeing with that and authorizing us to increase the access line tax rate consistent with stpi adjustment. >> okay, thank you very much. colleagues, any questions for ms. zamuda? seeing none, we'd like to open this up to public comment. any members of the public who wish to comment on item number 1, please step forward. >>> good afternoon, budget subcommittee. ♪ you fell into a budget ring of fire the tax, it went it went all hire and it burns, burns, burns the ring of fire because your mind the taxes shine you walk the tax line because makes the tax shined you walk the line >> thank you, mr. paulson. (applau
and maybe i will talk a little bit more, 74% almost had never heard of the small business tax credit. 63% had never talked to their state senator. their assembly person or to the governor, which i think is a little scary and it's something that hopefully you as a commissioner will re[tpo-rpbs/] that we reinforce to our representatives. those who did need capital 2:1 and those who couldn't get capital versus those who can't get capital. so it's clearly a problem for those who need it. when you look at the hiring. almost twice as many people decreased their employment as increased their employment and as far as revenues, more people had decreased revenues in last yeah, versus increased revenues. looking this over, it's a little sobering, because there is a certain amount of frustration and negativity, but i thought those numbers would have improved given the economy. thank you for the opportunity to talk to you. >> scott, i want to say thank you for everything that you do on behalf of small business california and small business san francisco. i think it's amazing and this is a testamen
to realize that it's now coming up with a split roll tax to have all the owners to increase their property taxes by 2 or 300 percent. i don't feel that many of us can withstand all the expense and i think a lot of this we'll have to give up our properties. we will buy something somewhere else. i don't know how that will impact the economic situation in san francisco, but we just can't do it. we are still paying the same maintenance, city tax on water and garbage and although our buildings are worth more until we die. >> thank you very much, next speaker. >> supervisors, thank you very much. i'm a private consulting structural engineer in san francisco. i'm here to speak in behalf on the cap ordinance and seismic safety program being proposed. i commend the supervisors and mayor who have propose td program. i think it is vital as a past member and president of the san francisco commission, i know how hard it was to get this program started, implemented and going. i'm fully in support of this. i hope i speak for the rest of my peers in the engineering community. this is vital and should be
and terrorists corruption and -- >> excuse me: >> the current situation calls for new taxes and medallion demand and supply created this business. the evolvement -- san francisco minimum wage and inexperienced drivers are hurting the cities respect ability the city as lost the america's can cup share of the anticipated refer revenue. there is an event tonight. the airport and streets are not able to afford and maintain a lot of what government and employees want for the city the investment isn't there the milking is tell your constituents to pay for the luxuries taxi cabs are a luxury as evidence by demand. if everyone made as much as 10 years ago the story would be very different. the real pig here is real estate that most people cannot afford. the oldest bakery in paris -- now they are no longer open. keep the city respectable and the gem that it is and magnificent applause. >> thank you. my name is mic -- you have spoken already? >> yes. >> the rules of the city of san francisco thank you very much. next speaker please come forward? >> my name is stewart -- i am a driver and an owner.
Search Results 0 to 49 of about 102 (some duplicates have been removed)